HR Notices From March 5
Kevin Terrasi joins Plymouth Management Company as Partner: Plymouth Management Co. announced that Kevin Terrasi has joined Plymouth Management as Partner effective March 1. Terrasi has worked closely with PMC since its investment in Pump Engineering Inc. in 2008. In 2011 Terrasi joined the firm as an executive in residence and he has worked closely with several of the portfolio companies backed by Plymouth Venture Partners Fund II. Terrasi began his career at PEI in 1996 as a Michigan State University engineering co-op student. During his tenure at the Monroe-based firm, Terrasi was instrumental in developing a unique custom design and manufacturing process utilizing state of the art computer aided software. By doing so he and the firm’s founder, Robert Oklejas, were able to establish PEI as an industry leader in high efficiency pumps and energy recovery equipment. Terrasi was promoted to vice president of engineering and a member of the board at PEI, where he successfully developed and executed plans that resulted in rapid growth. He was an active member of the divestiture team that sold PEI to Energy Recovery Inc. (Nasdaq: ERII) in 2009. For two years following the sale, Kevin served as vice president of the Turbo Machine Division at ERII. Plymouth Venture Partners II, L.P. is a follow-on fund to Plymouth Venture Partners Fund I. PVP I became fully invested in 2009 after completing investments in 29 companies. Plymouth Venture Partners II invests in growth stage companies in the Great Lakes region. For more information, please visit www.plymouthvc.com. Plymouth Management Co.is the manager for Plymouth Venture Partners I and Plymouth Venture Partners II. The company has four partners, Mark Horne, Ian Bund, Jeff Barry, and Kevin Terrasi. It is headquartered in Ann Arbor.